NEW YORK CITY-Following the City Council’s vote this past December not to approve the massive Kingsbridge Armory redevelopment project in the Bronx on grounds that the developers refused to guarantee a living wage for employees, city comptroller John Liu has convened a task force to propose best practices for so-called public benefit agreements. “In the absence of clear standards, these agreements will become a problematic bottleneck for future development,” Liu says in a statement.

The Bloomberg administration is reportedly preparing a major study of living wage agreements on publicly subsidized development initiatives, with the New York City Economic Development Corp. slated to issue an RFP for conducting the study in the middle of this month. An EDC spokesperson did not confirm the timeframe for issuing the RFP by the deadline for this article.

Concurrently, the living wage movement is gaining some traction in the City Council, with a bill introduced in February by council member Melissa Mark-Viverito. Listed as Int. 0018-2010, the bill would establish a prevailing wage requirement for building service employees in properties that receive subsidies or rent from the city. It has 31 sponsors currently, including Mark-Viverito.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.